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Banking and finance

Will Papua New Guinea’s successful sovereign bond issue improve the foreign exchange situation for business?

2 Oct 2018 by Leave a Comment
The success of Papua New Guinea’s first US$500 million bond issue will depend on the government’s spending focus, according to Paul Barker, Director of PNG’s economics research think tank, the Institute of National Affairs. He tells Business Advantage PNG that the private sector has to get access to foreign exchange because of extended delays.
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Sovereign bond issue will ‘test’ Papua New Guinea’s market access, says Standard & Poor’s

11 Sep 2018 by 1 Comment
The Papua New Guinea government has begun spruiking its sovereign bond issue with a series of meetings with investors in Singapore, Hong Kong, London and the US, led by Treasurer Charles Abel. However, while Standard and Poor’s has given the issue a ‘B’ stable rating, others say the government may have to offer a premium to attract investors.
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LNG prices have surged but oil prices move sideways: a monthly review of Papua New Guinea’s commodity and financial markets

28 Aug 2018 by Leave a Comment
LNG prices have jumped sharply and the cocoa price has been volatile. Business Advantage PNG’s monthly review of Papua New Guinea commodity and financial markets.
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Super fund executives outline their investment strategies

28 Aug 2018 by Leave a Comment
How do Papua New Guinea’s two largest super funds, Nambawan Super and NASFUND, make investment decisions on behalf of their members? Two senior executives provide their investment guidelines, which have led both funds to perform well in difficult economic conditions.
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Sharp rise in use of mobile financial services in Papua New Guinea

17 Jul 2018 by Leave a Comment
The Governor of the Bank of Papua New Guinea, Loi Bakani, has told an APEC conference on improving financial literacy that the use of mobile phones for financial services is increasing sharply. But he said there is a need to strengthen consumer digital financial literacy and awareness in the country.
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SME credit fund role part of our Papua New Guinea social responsibility, says Kina Bank CEO

24 Apr 2018 by 1 Comment
Kina Bank is working with the Australian government and other donors to set up a credit fund for small and medium sized business. CEO Greg Pawson has told business leaders in Port Moresby the scheme is part of the bank’s corporate responsibility.
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